Paying taxes is something we all do. While it is never fun to go through an entire year of pay stubs, receipts, bills and other financial paperwork, it is even worse when you have to do it and then unexpectedly pay a lot of money. The IRS has now sent a reminder to...
Being the executor of an estate is challenging on a number of levels. Oftentimes, the executor is a family member grieving for the deceased, and part of the job is dealing with other family members who are going through their own grieving process. Needless to say,...
You, like many other Ohio residents, likely have a life insurance policy. You may have taken out this policy to better ensure that your surviving family will have the financial means to carry on without you in the event of your demise. Taking such a proactive step...
The New York State Attorney General Barbara D. Underwood has filed a lawsuit on June 14 against the Donald J. Trump Foundation and its directors, including the president and his three eldest children, Donald Jr., Eric and Ivanka. According to the New York Times, the...
The overhaul of the tax system has lowered the rates on some and raised rates on others. It’s much too complex to give sweeping thumbs up or thumbs down for many groups. But an article in Bloomberg has pointed out that a new law doubles the amount of wealth that can...
The IRS has announced that the Tax Cuts And Jobs Act of 2017 provides more time for individuals and businesses to bring a civil action for wrongful levy or seizure. In an attempt to satisfy a tax debt, IRS levies permit the legal seizure and subsequent sale of any...
One of the most popular types of business entity formed by entrepreneurs here in Ohio and across the country is the limited liability company. You may be considering this type of entity as well, but you want to know more before making your final decision. You may...
If you’re going through a divorce, you’ve probably got a lot on your plate. Between the property division, the alimony payments and the child custody issues, your taxes are probably the furthest thing from your mind. However, it’s worth knowing that divorce can impact...
Tax law’s new 20 percent pass-through deduction may provide a break to the estimated 40 million gig economy workers and freelancers in the U.S. who work as sole proprietorships and partnerships. However, before everyone who fits into this category starts celebrating,...
When you were a child, your parents took care of you, including planning for your future. Now, it is your turn to do that for your parents. This is not always an easy transition for adult children. One of the most difficult aspect having elderly parents is addressing...